News

Illinois has nearly doubled the amount of funding it's seeking from Washington, D.C., to create a high-speed rail line that would cut the five-and-a-half-hour trip between Chicago and St. Louis to just under four hours.

Chef Michael Foley slipped from public view after he closed his venerable South Loop restaurant, Printer's Row, almost three years ago, but Peapod LLC is betting that his cooking, and his name, continues to resonate with customers.

People

Greg Hinz

When Paul Vallas served as Chicago budget director in the mid-1990s, he occasionally would recommend that the city cut back on the number of firefighters and firehouses, because the number of fires in Chicago had steadily dropped.

If there is one thing we have learned from previous market downturns, it's this: Where some see despair, others see opportunity. That may explain why more than half of the current Fortune 500 companies were born during an economic downturn.

Corrections

An Oct. 19 story should have said the state of Illinois currently pays just over $70 per megawatt-hour for electricity, and proponents of a clean-coal plant in West Virginia have advocated a price of about $110 per megawatt-hour.